| John Spacey, October 24, 2015 updated on March 05, 2023
Total cost of ownership is a financial estimate that seeks to determine the full cost of an investment over its lifetime. This may include costs related to financing, insurance, acquisition, operations, maintenance, renewal, decommissioning and environmentally responsible disposal. In some cases it also includes opportunity costs. Estimates of total cost of ownership are typically used to compare business investments or options such as buying versus leasing.
This is the complete list of articles we have written about management accounting.
If you enjoyed this page, please consider bookmarking Simplicable.
A list of management accounting techniques and concepts.
A definition of target costing with examples.
A definition of continuous improvement with examples.
An overview of takt time with calculation formula and example.
The difference between lead time and cycle time explained with an example.
How to calculate productivity with 3 examples.
A definition of complexity cost with examples.
The definition of run rate with calculation examples.
The definition of managerial economics with examples.
A list of decision making techniques.
The observation that groups may make collective decisions that are viewed as wrong or irrational by each individual member of the group.
A complete guide to the decision making process.
Rational thought is often somewhat logical but includes factors such as emotion, imagination, culture, language and social conventions.
The common types of uncertainty in decision making and strategy.
A definition of information costs with examples.
A definition of reverse brainstorming with examples.
The definition of decision fatigue with examples.
Taking a position that you do not necessarily agree with for the purposes of argument.
The definition of paradox of choice with examples.
TrendingThe most popular articles on Simplicable in the past day.
Recent posts or updates on Simplicable.
© 2010-2023 Simplicable. All Rights Reserved. Reproduction of materials found on this site, in any form, without explicit permission is prohibited.
View credits & copyrights or citation information for this page.